Black Fox Real Estate recently had the pleasure of sitting with David Coloretti from Resolve Finance Mornington Peninsula to highlight the path of interest rates, implied by the RBA and financial markets, and explain how property buyers’ borrowing capacity will be impacted. The RBA have raised their cash rate for the first time in almost 12 years. They have been clear in their intention to implement a...
Talk of cooling markets, the growing sense interest rates will rise this year, and widespread outbreaks of COVID-19 have done little to dampen homebuyer and seller confidence. Two new reports released on Wednesday 9th Feb 2022 show a strong start to 2022. That’s despite expectations the Omicorn strain’s grip on large parts of the country could see many delaying real estate-related decisions until...
The allure of a sea change and the desire for more space continue to tempt buyers during the COVID-19 pandemic, with lockdowns cementing the appeal of coastal and outer suburban areas. New data from realestate.com.au shows outer suburbs within commuting distance to CBDs and coastal areas remain popular with serious or highly-engaged buyers. The pandemic has fuelled a reassessment of living...
15th September 2021 The lockdowns in Australia’s biggest markets will delay the typical uplift in activity during the spring selling season, realestate.com.au economist Paul Ryan said, although states free of restrictions face a more normal spring selling period. “While COVID-19 restrictions remain in place, housing market activity will continue to be subdued, but I see this as only a delay. So...
September 2021 Buyer demand has reached record levels despite lengthy coronavirus lockdowns in the nation’s biggest property markets of Sydney and Melbourne, but purchasers have limited choice as prices continue to rise. The latest REA Insights Housing Market Indicators Report showed demand, based on the number of views per listing of properties for sale on realestate.com.au, hit an all-time high in...
Do you often wonder what actually goes on when you decide to attend an open home on a Saturday morning? Well, we’ve got all the answers! When it comes to opening up a home, you want to showcase it fully, so you can expect to see it in all its glory. The home might have a nice smell of freshly baked muffins and the warm crackling fire might be roaring in the background to give you the best feel...
Two of the hottest suburbs on the Peninsula are Mount Martha and Mornington. Over the past decade they’ve shown an incredible amount of growth, population-wise and price-wise. So let’s take a deeper dive into why they’ve become so popular. Mornington has exploded over the past decade and more prominently from 2014. From an average median house price of $530k to now above $830k, we’ve seen a huge...
There are many advantages (and disadvantages) of managing your own property, just like there are when engaging a property manager. But which option should you choose? Do I really need a property manager? Advantages of a property manager Although it will cost you to engage a property manager, they can save you a lot of time and stress when it comes to handling the ongoing responsibilities. Your property...
With the weather warming up and the sun being up later and later now if the perfect time to enjoy some wonderful events in the local area. I have picked just a few of my favourites that I think you’d like too. Mount Eliza Farmer’s Market Pick up the freshest local food and produce and catch up with your friends in the Mount Eliza Village. The market is on the fourth Sunday of each month at Mount...
Selling property in winter can be better than spring, real estate expert says ABC Radio Melbourne By Simon Leo Brown Posted 10 Aug 2016, 12:17pm PHOTO: Greville Pabst says selling in winter can often bring the best price for a vendor. (774 ABC Melbourne: Simon Leo Brown) RELATED STORY: How to avoid property pitfalls and dodgy investment advice Traditional wisdom dictates that you...